NFTC, USA*Engage Welcome Senate Introduction of Bipartisan Russia PNTR Bill

Tuesday, 12 June 2012
Urge Congress to Approve Legislation as Soon as Possible

Washington, D.C. – The National Foreign Trade Council (NFTC) and USA*Engage today welcomed the bipartisan introduction in the U.S. Senate of a bill to grant Russia permanent normal trade relations (PNTR) status. The NFTC and USA*Engage urged Congress to approve the legislation as soon as possible, and to refrain from supporting any legislation that would derail the benefits of Russia’s WTO accession and PNTR, or complicate U.S. relations with Russia.

“We applaud Sens. Baucus, Kerry, Thune and McCain for their bipartisan leadership in introducing a bill to grant Russia PNTR, which will expand U.S. access in one of the largest and fastest-growing markets in the world,” said NFTC President and USA*Engage Co-Chairman Bill Reinsch. “Russia’s accession to the WTO is imminent, and to ensure that the U.S. economy, exporters and workers are afforded all of the benefits that will flow from it, Congress must take immediate action to approve PNTR legislation.”

“Russia PNTR is the single most pressing issue Congress must take up before the August recess, and we urge Members to refrain from supporting any legislation that would needlessly complicate relations with Russia or jeopardize the significant benefits of Russia’s WTO accession and the granting of PNTR,” Reinsch concluded.

The NFTC and USA*Engage strongly oppose the Sergei Magnitsky Rule of Law Accountability Act, which if passed, would entail significant diplomatic and political consequences to U.S.-Russia relations.